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How To Trade Barnes & Noble $BKS Ahead Of Earnings

|Includes: Barnes & Noble, Inc. (BKS)

The Story: The Estimize community is somewhat pessimistic about Barnes & Noble (NYSE:BKS) upcoming Q2 report. Their consensus estimates for revenues and EPS are $1,688 million and $0.16, respectively, compared to the Wall Street's consensus of $1,700 million and $0.17.

How to play it: If you also expect Barnes & Noble to deliver underwhelming Q2 results and think that the stock is likely to drop to $18-$20 by December 20, then you may want to take a look at this Bear Put Spread -19/+21.

To analyze this trade and to find other interesting trading ideas, please go to the Quantcha Options Search Engine.

Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.